Based on the AICPA Competency Framework: Tax and Personal Financial Planning, these learning resources - primarily focused on US tax - are designed to help CPAs understand the knowledge and skills necessary to address the needs of their clients and firms.
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Companies have many reasons to undergo reorganizations but should consider the effect E&P before undertaking these transactions. Learn more in this article.
This article focuses on the recharacterization and documentation rules including best practices to ensure both tax and financial reporting compliance.
This article presents a sample memorandum that can be used by taxpayers if the IRS challenges their treatment of a split-off D reorganization transaction.
The IRS issued final regulations clarifying the definition of real property for purposes of the REIT provisions as discussed in this article.
This article explains a different application of Sec. 108 debt forgiveness for qualified real property business indebtedness ruled on recently by the IRS.
A build-to-suit like-kind exchange usually requires a great deal of planning and may take some time.Learn more about build-to-suit arrangements in this article.
This article explores qualified research activities (QRA) including providing an overview of the rules, case law, and a detailed case study.